Coin98 Secures Strategic Investment From Binance Labs To Grow DeFi In BSC Ecosystem

Coin98 Secures Strategic Investment From Binance Labs To Grow DeFi In BSC Ecosystem

Coin98, a leading all-in-one DeFi platform, is thrilled to announce the strategic investment from Binance Labs, the venture capital and innovation incubator of Binance.

With the mission of fulfilling the untapped demand in the DeFi space and becoming a Gateway for TradFi users to access DeFi world and Web3 future easily, Coin98 is building a full suite of products, including Coin98 Wallet, Coin98 Exchange, Space Gate (cross-chain bridge) and more under development features.

  • Coin98 Wallet is a non-custodial DeFi, NFT, and Web3 wallet. Coin98 Wallet now supports users to store, manage, and trade tokens on over 40 blockchains such as Binance Smart Chain, Ethereum, Solana, Polygon, Avalanche, Terra, etc., on mobile (iOS & Android), Chrome Extension, and Web versions.
  • Coin98 Exchange is a DEX aggregator that supports assets from various liquidity sources.
  • SpaceGate is a cross-chain bridge that enables swapping and transferring values across multiple networks.

Through this strategic investment, Coin98 will accelerate the platform's development and contribute to the BSC Ecosystem by building DeFi infrastructures including NFT Marketplace, token launch platform, AMM on Binance Smart Chain, and making DeFi on BSC accessible to everyone.

To support Coin98's long-term vision, Binance Labs will provide the team with the technologies, consultation, and incubation services needed.

Bill Chin, Head of Binance Labs Fund, said:  “We hope that Coin98 can contribute to the development of DeFi within the BSC ecosystem through the strategic investment. There are many features that we are looking forward to seeing that Coin98 is coming up with and we think that the users of the BSC ecosystem will be excited about these too.”

“Binance Smart Chain is the most used network on the Coin98 Platform regarding active address and trading volume. With the upcoming BSC-based products, we can't wait to drive these numbers even higher when having support from Binance Labs,” said Thanh Le, Founder of Coin98.

About Binance Labs

Binance Labs is the venture capital arm and incubator of Binance. Binance Labs identifies, invests, and empowers viable blockchain entrepreneurs, startups, and communities, providing financing to industry projects that help grow the larger blockchain ecosystem. Binance Labs is committed to supporting fast-executing teams who positively impact the crypto space.

About Coin98

Coin98 is a leading all-in-on DeFi platform with a full suite of products including Coin98 Wallet, Coin98 Exchange, and SpaceGate cross-chain bridge. The Coin98 wallet is a non-custodial, multi-chain crypto & NFT wallet, built as an infrastructure for the multi-chain future.

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